AMAT closing operations for 11 days
In today's (Friday, April 10) Austin American-Statesman, page D1, is an article that says Applied Materials had shut down all operations today, and will do so again from 29 Jun - 3 Jul and from 17-21 Aug as part of a 'cost-cutting campaign'.
Also, the article states that "Progressive System Technologies, an Austin-based maker of automated wafer handling equipment, will close today and Monday as a cost-saving measure."
Further on, "Lam Research, a large equipment maker based in Milpitas, Calif., said in February that it would lay of 14 percent of its work force, or about 700 people. Eaton Semiconductor, which makes ion implant equipmetn, last month cut 100 permanent and temporary jobs in Austin."
Anyone have any ideas how that may affect NANO, or its stock price? Is there any chance that NANO can move up in light of that?
jbn3. |
